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Stacy Blackman Consulting Blog

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Executives Weigh in on the Value of an MBA [#permalink]

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New post 23 Feb 2017, 15:00
FROM Stacy Blackman Consulting Blog: Executives Weigh in on the Value of an MBA
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Are you thinking about pursuing an MBA for career advancement, personal development, or a career switch? While the degree can be a transformational experience changing everything about your life, it’s more typically a tool to polish existing skills, build your network or expose you to new industries.

Now then, what b-school hopeful doesn’t love to hear advice from those who have walked the MBA path before them? In case you need more convincing, US News and World Report, for which I write a bi-weekly post on the MBA admissions process, recently published a great story with tips for prospective applicants delivered straight from executives who also possess the degree.

Here are some key excerpts of their advice:

Les Williams, Chief revenue officer at Risk Cooperative, an insurance brokerage firm: “[business school] gives you a really big network so whatever you are interested in down the road, it will take you there,” Williams says, adding that the network he developed at Harvard Business School has helped him get jobs and clients.

Dave Wright,  Managing director in the private banking and investment group at Merrill Lynch: Although MBA degrees are an expensive investment, Wright is “a huge proponent” of the degree, he says. “It broadens your skill set and and surrounds you with like-minded people who will push you further and higher, but it definitely requires some sacrifice.”

Peter Faricy, Vice president of Amazon Marketplace, an e-commerce platform owned by Amazon: Aspiring executives ought to get an MBA, Faricy says. “If you enjoy business roles and you want to do this for the long haul, I put the MBA in the no-brainer category.”

Nicole Sahin, CEO of Globalization Partners, an employment services firm: Sahin urges prospective MBA students to get significant work experience before starting an MBA program so they can use the wisdom that comes from work to thrive in their courses.

As we’ve witnessed many times, business school enables students to develop the necessary knowledge, skills and abilities that can help organizations launch new products, improve the lives of consumers, and help society as a whole.

To read more about the featured executives, where they studied, and their own takeaways from the MBA experience, please click over to the original article on U.S. News.

You may also be interested in:
Why Do You Want to Go to B-School?

GMAC Survey Predicts Robust Job Market for MBA Grads

Image credit: Flickr user Penn State (CC BY-NC-ND 2.0)
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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
MBA blogger, US News and Author, The MBA Application Roadmap

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Time to Think About Funding Your MBA Plans [#permalink]

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New post 24 Feb 2017, 14:01
FROM Stacy Blackman Consulting Blog: Time to Think About Funding Your MBA Plans
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With Round 2 applications behind us, it’s time to turn your attention to the next step in your MBA journey. Business school is an expensive investment, and it’s never too early to start figuring out how to pay for it. An MBA is a long-term investment, and fortunately, schools want to work with students to find a solution to financing school through a combination of loans and scholarships.

Therefore, the first resource to tap is your target program. Once admitted, your school will present you with a package of information about public and private loans and scholarships.

In addition, you may be considered for merit fellowships based on your academic credentials, accomplishments and experience that has already been communicated in your application. Most elite business schools offer merit-based awards at the time of admission that do not require a separate application, and some schools may also offer additional fellowships that you can apply for directly through the program.

Find out whether your target program offers fellowships or scholarships to applicants with extremely high GMAT scores, or who have otherwise excelled in academics, work experience, and service to the community.

For example, the University of Virginia’s Darden School of Business offers full-ride fellowships through the Jefferson Scholars Foundation that include a living stipend, funds for travel and research, and health insurance.

Some candidates look to their employer, especially those working for a large Fortune 100 company. Often, these employers will help fund your tuition if you commit to remaining with the company after graduation.

Finally, here are a few words of wisdom for individuals planning to attend business school in the near future:

  • Get your finances in order first
  • Think about living slightly below your means before school
  • Save as much as possible
  • Avoid credit card debt
  • Scale back on things you don’t need (including big things like a car if you don’t really need one)
Consider seeking out diversity organizations where applicable. Forté Foundation does an amazing job preparing women for the journey to business school, and The Consortium for Graduate Study in Management orients applicants of color during the application process and awards full-tuition scholarships to top MBA candidates.

Starting early – about three months before applying – is also really helpful if you’re pursuing scholarships, fellowships or grants. Since scholarships are free money, competition can be fierce, and you’ll benefit from having the extra time to create strong scholarship applications and from knowing the key deadlines so that opportunities don’t pass you by.

You may also be interested in:
You’re In…Now How Will You Pay for the MBA

Weigh if an MBA Makes Financial Sense

Show Me the Money: Highest Paid Consulting Firms for New MBAs

Does an MBA Pay Off? Ask Paul Ollinger

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
MBA blogger, US News and Author, The MBA Application Roadmap

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Tuning Out MBA Message Board Rumors [#permalink]

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New post 27 Feb 2017, 12:01
FROM Stacy Blackman Consulting Blog: Tuning Out MBA Message Board Rumors
Did you hear that Stanford is no longer sending out interview invites to anyone in consulting? Or that HBS already filled up its entire class in Round 1 and won’t actually admit candidates they’re interviewing in Round 2? Or that the way to ace the Wharton group interview is actually to stay silent the entire time?

What? You didn’t hear any of that?

That makes sense, since we completely made up all of the above in order to prove a point about gossip and rumors that can make even the most levelheaded MBA applicant start to fret.

We remember how anxiety inducing it is to wait to hear back from schools. And we’re all too familiar with how easy it is to get sucked into the many message boards there are for MBA hopefuls. Sometimes these online communities can be a great thing: it’s not unheard of for people to end up becoming friends with each other “in real life” after meeting on such a site. Plus, hearing that others are just as stressed out as you are can certainly be a source of comfort.

But please remember that the rumor mill is usually in overdrive on MBA forums, and it’s easy for gossip and hearsay to overshadow the truth. The reality is that no one except those on the adcom for the schools you’re applying to really knows what’s going on with interview invites, acceptance rates, waitlists, or anything else of importance for prospective students.

In other words, keep this timeless advice in mind when you find yourself starting to worry about the latest MBA rumors:

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Do you want to stay on top of the application process with timely tips like these? Please subscribe to our weekly newsletter and you’ll receive our expert advice straight in your mailbox before it appears on the blog, plus special offers, promotions, discounts, invitations to events, and more.

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
MBA blogger, US News and Author, The MBA Application Roadmap

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Evaluate MBA Career Services When Selecting Possible B-Schools [#permalink]

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New post 28 Feb 2017, 12:00
FROM Stacy Blackman Consulting Blog: Evaluate MBA Career Services When Selecting Possible B-Schools
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Guest post provided by our friends at Prep Adviser
MBA career services have not generally been considered pivotal to your choice of the right business school for your management studies. However, some career centers cater so well to MBA students’ future vocations that they have become an indispensable asset to MBA programs.

Why business schools care about post-MBA careers
There are two major reasons for the growth of MBA career services. The first is that business schools now realize that the career success of their alumni is a major selling point in MBA programs. Ultimately, the return on investment (ROI) and the return in happiness (RIH) determine the value of the overall MBA experience in the short and long-term.

Along these lines, the recession of 2008 – 2009 also encouraged business schools to improve their career services. MBA recruitment was hit by difficult times in the corporate world. So business schools compensated by helping their students land attractive jobs despite the crisis.

The second factor boosting the growth of MBA career services is the MBA’s increased cachet beyond the corporate world. Traditionally, the MBA was a highly valued qualification to climb the corporate career ladder in the Western world. Nowadays, it is valued worldwide in almost any sector and industry. Entrepreneurship and the start-up industry additionally turned out to be fertile soil for the growth of MBA talent. This diversity of career paths and industries has led to MBA career services expanding beyond traditional corporate recruitment.

How to evaluate MBA career services
The MBA is always about change. Contemplating an MBA means that you want to make a career change – move to a new company, take a managerial role, work at an international level, make a career in new country or region, apply your skills in a new industry, or start your own company. You should approach your MBA application with a specific career goal or at least up to three scenarios for your post-MBA path. Your career goal is essential in selecting the right MBA programs.

When selecting business schools always inquire about the scope of MBA career services and evaluate them against your needs. It’s vital to consider the sectors and industries in which the career centre specialises. Some centers have dedicated consultants per industry. SDA Bocconi School of Management (Italy) aims to help students fully understand the industry sectors they are most interested in and evaluate their options based on their profile and aspirations.

MBA participants at Oxford Said Business School (UK) benefit from insights and pragmatic advice of a select group of sector consultants who have experience of working for leading firms across a broad range of sectors across a range of industries including management consulting, finance, high-tech, new ventures, media and communications, and diversified industry in general.

The scope of the services varies greatly. The MBA Career Development Programme at INSEAD (France) spans the whole process – “Know Yourself. Know the Market. Strategise and Execute”. The programs takes MBA students through 5 stages of developing a career plan – self-assessment, career vision, career design, job search, job application, and salary negotiations. B-schools often provide personal and leadership coaching as part of their MBA career development programs.

From job placement to career strategy
Career services have also shifted strategy greatly. Immediate post-MBA jobs are still an important selling point for MBA programs, but they now look to long-term career success. This is also because current and future professionals are likely to change jobs much more frequently than they did 20 years ago. New professions crop up every day, requiring lifelong learning and acquiring transferable skills, as well as a vision of how to navigate your career.

ESADE Business School (Spain) is among the leading business schools aiming to help MBA participants “develop the lifelong skills for successfully managing their careers.”

IMD Business School (Switzerland) has developed an MBA career methodology focused on “Building Your Future” that takes MBA participants through two stages: During the first part of the program, a unique career audit methodology provides a clear-cut view on individual skill profiles and gaps and the potential for capturing value from transferable skills. The second half of the program allows you to individualize your curriculum in view of personal post-MBA ambitions.

Significantly, IMD involves its career experts in the MBA admissions process. This helps the admissions committee evaluate the relevance of applicants’ career goals against the resources of the business school to ensure post-MBA career growth.

Who is the driver of career success?
Business schools have developed comprehensive career services but it is essentially MBA participants themselves who should propel their own success. To achieve in the long-run, you should take time and effort to set clear career goals before applying for an MBA. Based on these you should select the most appropriate business schools considering all that they can offer – curriculum, network, learning environment, business exposure, and career services, among others. Finally, start working with the MBA career center as soon as you begin your studies and always be proactive. Business schools care more and more about your success, but ultimately your career and lifestyle are your own responsibility.

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Protected: test [#permalink]

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
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Alumni Call MBA Experience Rewarding, Expands Career Possibilities [#permalink]

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New post 01 Mar 2017, 13:01
FROM Stacy Blackman Consulting Blog: Alumni Call MBA Experience Rewarding, Expands Career Possibilities
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More than half of graduate business school alumni are currently employed in an industry or job function they did not have experience in prior to entering business school, according to a report released today by the Graduate Management Admission Council (GMAC), a nonprofit organization of leading graduate business schools.

Findings from the Council’s 2017 Alumni Perspectives Survey show that 2 in 5 (39%) alumni currently work in an industry they hadn’t considered prior to starting business school; they learned of the opportunity while enrolled in a graduate business program, with 88% sharing that they are satisfied with their job and employer.

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“Year after year our research has shown that a graduate management education offers significant personal, professional and financial rewards. We’re now seeing strong evidence of how valuable the degree is with regard to changing careers,” said Sangeet Chowfla, president and CEO of GMAC.

“Given the current pace of change in the economy and the workplace, candidates can be confident in the knowledge that a graduate management education can prepare them with the skills and flexibility they need to be in a better position to pivot and adapt their careers when opportunities present themselves and industries are disrupted.”

The findings of the 2017 Alumni Perspectives Survey Report detail the education and career outcomes of nearly 15,000 graduate business alumni representing 1,100 graduate business programs located around the world. The report highlights that the value proposition of a graduate business degree is high regardless of graduation year or program type.

Key Findings

Compensation for Business School Graduates

Nearly all (95%) survey respondents rate their graduate management education a good to outstanding value. On average, the total compensation package for graduate business school alumni can range from a median of US$75,513 for an entry-level position upward to a median of US$440,122 in total compensation for a C-suite executive.

Business school alumni earn 76% of their total compensation in base salary, on average. As they advance up the career ladder, a greater proportion of their compensation comes from non-salary sources such as bonuses.

 Employment Profile

Ninety-two percent of survey respondents are currently employed — 8 in 10 overall (81%) worldwide are employed with a company and 11% are self-employed entrepreneurs. Globally, the products and services (27%), technology (14%), and finance and accounting (11%) sectors employ the greatest proportion of alumni represented in this survey.

Though alumni work across the spectrum of industries, their degree type often differentiates career paths. MBA alumni are more likely to work in technology, nonprofit and government, manufacturing, health care, energy, and utilities, compared with alumni holding non-MBA master’s degrees. Business master’s alumni, for example, are more likely to be found employed in finance, accounting and consulting industries.

As for job functions, MBA alumni are more likely to hold positions in marketing, sales, operations, logistics, and general management. Alumni of non-MBA business master’s degrees are more likely to work in finance, accounting, and human resource positions.

In total, more than 4 in 5 alumni agree their education prepared them for leadership positions (86%), prepared them for their chosen career (85%), and increased their earnings power (82%).

The Entrepreneur

Most alumni delay their entrepreneurial activities until after graduation. In fact, 2 in 3 alumni entrepreneurs began their business after graduation following employment at another company.

One in 8 alumni entrepreneurs sought venture capital and 72% of these individuals received such funding. Half of the alumni entrepreneurs say their university provided faculty guidance, experts from the community, and mentors to guide their entrepreneurial activities.

Most Valued Skills in the Workplace

Alumni rank interpersonal skills as most important in the workplace, regardless of job level or function. Among the top five talents important to their job, the ones related to “people” skills or emotional intelligence are highly ranked by alumni, with interpersonal skills (e.g., active listening, persuasion and negotiation, time management) topping the list.

Other skills predominate as one moves up the corporate ladder. Alumni in higher-level positions are more likely to indicate that managing human capital, strategy and innovation, and the decision-making process are more important to their current job compared with alumni in lower-level positions.

Alumni Recommendations

Most alumni are very likely to recommend their graduate business program to colleagues and friends. The overall Net Promoter Score — a customer loyalty metric — that business schools receive from their alumni is 47, which is greater than scores received in many sectors of the economy.

Net Promoter Scores are positive for all graduate business programs, although differences by program type range from 22 for Master in Management programs to 62 for full-time two-year MBA programs. If offered the choice, more than 9 in 10 (92%) alumni would have pursued their graduate management education knowing what they know now.

“Graduate business programs expose students to a wide range of opportunities and provide alumni with access to a variety of career outcomes,” said Chowfla. “It’s clear from the results that alumni feel their education helped prepare them for leadership positions, as well as enhanced their earnings potential and guided their career development. This positivity is reflected in their recommendation of a graduate management education to others.”

You may also be interested in:
Evaluate MBA Career Services When Selecting Possible B-Schools

Do These 4 Exercises Now to Crystallize Your Post-MBA Career Path

Using an MBA to Change Careers

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

_________________

Interested in a free 30 minute consultation with the Stacy Blackman Team? Sign up here: http://stacyblackman.com/contact

Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
MBA blogger, US News and Author, The MBA Application Roadmap

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Dos and Don’ts for Choosing MBA Recommenders [#permalink]

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New post 02 Mar 2017, 16:00
FROM Stacy Blackman Consulting Blog: Dos and Don’ts for Choosing MBA Recommenders
So many people think choosing a well-known or prestigious individual will be the ticket to acceptance at the b-school of their dreams. The key when selecting recommenders is to think about about their placement in your life. Can they write about you thoughtfully and with enough insight so that the admissions committee can get an authentic feel for you as a person, as well as your skills and capabilities? Truly, the prestige of the recommender is not important.

Professional recommendations are best

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In most situations, current and recent supervisors are the best choices because they can speak to your current skills, values, and work ethic as well as future potential. Also you should choose professional references instead of professors. Schools can see your educational background from transcripts and test scores; for that reason a recommendation from a professor won’t add much to your profile. Supervisors who have worked with you recently can elaborate on the aspects of your character that aren’t seen in resumes, transcripts, and scores.

Take a look at this excerpt from a recent post on the MBA Voices blog at Harvard Business School written by second-year student Ali Hassan, in which he describes how he chose his HBS recommenders while at McKinsey:

“When it came to recommendations, I was seeking two types of people.  First, I wanted someone who had worked very closely with me, and had a micro-level view of my skillset in day-to-day work. That person would be able to provide great insight, and back it up by pointing to specific experiences they’d had with me.
Second, I wanted someone who had a macro-level view of my work performance over time, with different teams, and across various work settings. If the first recommender provided depth, this one provided breadth. He was able to give a more comprehensive, long-term view of consistent patterns of strengths and weaknesses that I had as I worked with different teams, on different projects, and in different industries.”

People who know you well are best
Choose recommenders who know you well and can provide specific examples that speak to your personality, character, and values. Many applicants are tempted to ask their CEO or a famous school alum to write a recommendation.  If the CEO of your company is your direct supervisor and knows you well, then he/she is the right choice.

However do not skip several levels of hierarchy just to have the CEO write your recommendation. In fact, most schools specifically request your current supervisor as a reference, recognizing that this person is the most familiar with you and your work style. If for some reason you cannot have your current supervisor write your recommendation, you can submit a quick note to schools explaining why — eg, you just switched roles and have a new supervisor, you are not comfortable informing your place of work that you are applying to school.

Impress recommenders
Ideally you have already impressed your recommenders over the past few years with your performance. However, you want to be especially aware this spring and summer to demonstrate your leadership, initiative, maturity, and self-awareness. Your recommenders should see that you are ready to take the next step in your career by going to business school.

Build your relationships
Though the deadlines are a still many months away, it is important to start thinking now about who your recommenders will be in order to build your relationships with them. Your recommenders should be invested in your future and enthusiastic about helping you reach your goal of getting into business school.

Though you don’t need to tell your recommenders right now that you want them to write a reference, you can take time this spring to make them mentors. Find opportunities to discuss their career path and ask their advice in order to involve them in furthering your career. Then it will seem natural for them to write your recommendations this fall.

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
MBA blogger, US News and Author, The MBA Application Roadmap

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Haas School Receives Largest Gift Ever from Alumnus Under 40 [#permalink]

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New post 03 Mar 2017, 12:01
FROM Stacy Blackman Consulting Blog: Haas School Receives Largest Gift Ever from Alumnus Under 40
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UC Berkeley’s Haas School of Business announced it has received the largest gift made by an alumnus under the age of 40Kevin Chou, the 36-year-old founding CEO of mobile gaming firm Kabam, and his wife, Dr. Connie Chen, have pledged $15 million, with two potential step-ups of $5 million or $10 million at the end of five years.

In recognition of the gift, the school will name its new, state-of-the-art academic building opening later this year, seen in the above rendering, Connie & Kevin Chou Hall.

After graduating with his bachelor’s degree from Berkeley-Haas in 2002, Chou co-founded Kabam along with two fellow Berkeley alumni. Late last year, he sold the majority of Kabam’s assets to South Korea’s Netmarble Games Corp. in an $800 million deal, according to theWall Street Journal.

Chou says it is important to him to give back to the school early in his career to inspire current and future Haas students to become entrepreneurs.

“Beyond Yourself is a principle that really resonates with me today,” says Chou, citing one of the four Haas Defining Principles. “I’m excited to be able to do this at this point in my career because I get to spend time with students and with Haas professors and other administrators, collaborating and helping them think about the new student space and the program.”



Chou is one of 176 Berkeley entrepreneurs who have signed theBerkeley Founders’ Pledge, a personal, non-binding pledge to give a portion of the value of their venture to support the university’s schools and programs, if and when they have a liquidity event.

The couple says their gift is also a testament to their support for UC Berkeley’s role in providing world-class public education to students of all backgrounds.

“We believe that diversity is so important in terms of shaping future leaders. We’re excited about bringing together students of all backgrounds—not just business students—to formulate ideas that will improve the world,” says Chen, 29, a practicing physician and co-founder of Vida Health, a venture-backed startup providing health coaching and programming.

Dean Rich Lyons calls the Chou and Chen gift transformative for Berkeley-Haas, noting that, “What makes this gift so special is that these are two people in their 30s—an extraordinary time in life to be making a commitment to an institution that Kevin says has had so much of an impact on his life. Their donation is going to have a catalytic effect on generations of donors to come.”

You may also be interested in:
UC Berkeley Haas Joins the Global Network

UC Berkeley Haas to Provide Seed Funding to Student Entrepreneurs

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Interested in a free 30 minute consultation with the Stacy Blackman Team? Sign up here: http://stacyblackman.com/contact

Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
MBA blogger, US News and Author, The MBA Application Roadmap

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Etiquette Tips for MBA Thank You Notes [#permalink]

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New post 06 Mar 2017, 14:01
FROM Stacy Blackman Consulting Blog: Etiquette Tips for MBA Thank You Notes
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Our clients often ask us if they should write thank-you notes to their interviewers. While handwritten messages of appreciation will always be a classy move—and we certainly encourage applicants to write such notes if they’re so inclined—an email message is just as acceptable in this day and age.

The most important thing is to ensure you have your interviewer’s contact information. This is especially critical if your discussion is taking place on campus and you won’t know who your interviewer is going to be until you arrive. Don’t forget to ask for that person’s business card when you’re wrapping up!

If you’re interviewing with a local alum, then you’ll have already been supplied with their email address.

As for the content of the message, you shouldn’t feel the need to go on and on. There are only two must-includes: 1) thank the interviewer for their time and 2) reiterate your interest in the program. If you can throw in a sentence or two that references something you talked about, all the better. But a thank-you note is not the place to try and sell yourself any further. The point is to show that you’re excited about and thankful for the opportunity to be considered for a spot in Program X.

Some AdComs need to make accept and denial decisions very quickly, so you shouldn’t let more than 24 hours go by before you send your message. If you interviewed in the morning, send it before the business day is over. If your talk was in the late afternoon or evening, get your e-mail out first thing in the morning.

If you have to type out a quick message from your phone because you’ll be traveling back home after the interview, please don’t forget to read things over carefully to ensure spellcheck or autocorrect didn’t do you wrong. You don’t want the last impression you leave to be a negative one!

Have MBA hopefuls been accepted to their dream programs without writing any sort of thank-you note? Yes, of course. But showing that you have manners and are aware of the proper etiquette is never a bad move—it’s just the right thing to do.

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MAP Course at Michigan Ross Celebrates 25 Years of Hands-On Learning [#permalink]

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New post 07 Mar 2017, 13:01
FROM Stacy Blackman Consulting Blog: MAP Course at Michigan Ross Celebrates 25 Years of Hands-On Learning
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This week, the University of Michigan’s Ross School of Business kicks off its annual Multidisciplinary Action Projects (MAP) program, which embeds teams of students into a company or nonprofit to enhance their leadership skills and apply concepts from the classroom to real life business challenges.

Now in its 25th year, the entire class of 400 first-year full-time MBA students will embark on a seven-week project, spending time in the field and traveling to meet with executives on-site to tackle complex problems or uncover new opportunities for their sponsor organization. MAP student teams undertake a variety of projects, including evaluating market entry opportunities, developing long-term strategic plans and analyzing branding efforts.

To celebrate this important milestone in hands-on learning, the team at Michigan Ross has come up with a list of 25 things that make the MAP course unique and impactful learning experience.

  • MAP is the longest such hands-on learning program, sending our entire class of first-year MBAs out into the field for [b]seven weeks[/b] during the winter semester.
  • It’s also [b]one of the biggest[/b].
  • This year, students will be working on [b]83 simultaneous projects[/b], while working with [b]74 different companies[/b] and organizations.
  • These projects are with some of the biggest, most influential companies on the planet[b](Amazon, Google, Microsoft)[/b];
  • with some of the most impactful nonprofits [b](Make-a-Wish, CARE International, Ocean Conservancy)[/b];
  • and with some of the most promising startups [b](Vayu, Jeevtronics, VerseAI)[/b].
  • Students will work hand-in-hand with the organization’s executives, [b]gaining firsthand insights[/b] into business operations and [b]expanding their networks[/b].
  • Companies often implement student suggestions, giving our MBAs [b]incredible new resume credentials[/b].
  • And [b]setting them up for success[/b] on day one of their summer internship.
  • MAP is a unique opportunity to [b]explore the global world of business[/b] in an entirely immersive way.
  • [b]Nearly 70-percent of MAP students[/b] will be participating in a project outside of their home country this year.
  • Projects are taking place in [b]115 cities and 25 countries[/b] around the globe.
  • There will be teams of Michigan Ross MBAs [b]on almost every continent[/b].
  • Projects are taking place in [b]six[/b] countries in Africa (Egypt, Ghana, Kenya, Malawi, South Africa, Tanzania);
  • in [b]seven[/b] countries in Asia (Cambodia, China, India, Israel, Japan, Nepal, Vietnam);
  • in [b]four[/b] countries in Europe (Finland, Germany, Ireland, United Kingdom);
  • in [b]four[/b] countries in South America (Brazil, Chile, Costa Rica, Peru);
  • and in [b]four[/b] countries in North America (Canada, USA, Mexico, Jamaica).
  • This is the first time MAP students will be working in [b]Nepal[/b]. They will be helping a company there develop financial models that can end the use of slave labor in the brick industry.
  • MAP projects give students a chance to [b]choose which industry[/b] they want to experience.
  • From finance and technology to healthcare and marketing, many students choose to work in an [b]entirely new industry[/b] than their previous job in order to build[b] important new skills[/b].
  • MAP has already impacted [b]an entire generation[/b] of business leaders.
  • In 25 years, [b]10,852 Full-Time MBA Ross students[/b] have participated in MAP.
  • They’ve worked with [b]1,391 sponsor companies[/b], helping them solve some of their most pressing challenges.
  • And the best part is, [b]MAP is just getting started[/b].
Although initially associated exclusively with the Ross Full-Time MBA Program, in recent years MAP has expanded to include other Ross degree programs. Global, Weekend, Evening, and Executive MBA students participate in projects similar in scope to the Full-Time cohort.

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Highlights of this year’s Full-Time MBA Ross MAP projects include:

  • [b]A project with Java House[/b], a chain of 44 coffee shops throughout Africa, where students will be working to provide a roadmap to help the company successfully enter the Tanzanian market.
  • [b]A project with luxury brand, Shinola[/b], where students will assist the company in developing new product categories.
  • [b]A strategy project with GE Power in India[/b], where students will help develop a framework for bringing new products and services to emerging markets.
  • Nineteen different technology projects, [b]including one with Hotels.com[/b], in which students will be developing a portal for sharing consumer research, and one with Microsoft, where students will investigate collaborations between universities and tech companies.
  • Several healthcare projects,[b] including one with Jeevetronics[/b], a medical device startup in India asking students to help them bring it’s affordable, innovative hand-cranked defibrillator to new markets.
For the next seven weeks, Ross students will be sharing their experiences on Instagram using the tag #RossMAP. The school encourages anyone interested to follow along and see the MAP experience through their eyes by following @MichiganRoss.

Image credit: Michigan Ross School of Business (CC BY-NC 2.0)
You may also be interested in:
MBA Interview Myth-Busting from U. Michigan Ross

Michigan Ross MBA Director Calms Common Applicant Concerns

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Re: Stacy Blackman Consulting Blog [#permalink]

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New post 08 Mar 2017, 00:29
Hello Expert,

GMAT - 710( QA 49 VA 36 IR - 7/8 AWA 6/6 )

Ethnicity- Indian
Male , 25 years old
Btech (Mechanical) - 2013 - 69% [ Under grad]
12th - 2009 -87%
10th (ICSE) - 2007 - 75%

Work Experience - 43 months as on Date will reach 48 months by August ( At the time of applying will have around 49-50 months work experience)

I am currently working as a business development executive at a startup and have worked with a government agency to design some training programs for their employees to effectively use social media for better E-Governance and have worked on building an android application along with successful launching of a online platform designed for certain companies. ( working for about 2 years here).Working alongside here , My father owns an advertising agency in which i play a role too because it is a family business and i need to look after when he is away and have helped create logos for the Government of Telangana. I am from Hyderabad , India and Telangana is the State. So i do not know how to leverage this work because in my own personal opinion I think it is great to have worked on a few government projects and design logos for it. The logo is evident on their websites and posters and all over the city . So i think i can give me some edge but any opinion regarding this will be considered. Prior to this i worked with Google for a year via a third party. I worked there as a business analyst.

EC

Sports - Swimming, basket ball , kabbadi , table tennis and badminton , Boxing .
Won the 1st Place in basketball at College (team event) .
Participated in multiple university and state level competitions . (table tennis)
Participated in a national level debate and Adjourned best speaker in a debate at a college level event.
Winner of an Extempore at a national level technical fest
Participated in multiple public speaking events and debates
The president of a Student Body in college for 2 years until the end of graduation undertaking lot of responsibilities and conducting multiple events
Organiser of the Sports Fest for 3 years along with a team under me and successfully organised multiple events. Along with Organizing as a sports player had to participate thus managing both organizing and playing.

I was the anchor for the Annual Day for 2 years and conducted the event in a splendid fashion
Class representative and event organiser for the college Fest for 4 years
Musical instruments learned - Keyboard , Guitar
Performed in the annual day and formed an own band during the college days and participated in college events.
learnt Classical singing for over 11 years and still learning
An active member of NSS during college and couple with the other activities i had , went on to form events to distribute food , books , clothes to the needy and have taught maths and physics to the needy .
Associated with an NGO as well , hope this help in application process


Academic Projects and Achievements

Always in the reckoning of the class - top 5%
95th percentile in CAT ( Management Exam in India) a neccesity to get in the reputed IIM’s ( Indian Institute of Management) and 90th percentile in XAT ( Management Exam for XLRI - Xavier School of Management)
Multiple projects in Robotics and designed various prototypes using basic principles of robotics and have done an internship in a PSU regarding steam engines

Final project in College related to Robotics – 6 degree Stewart Gough Platform
I have been to multiple industries such as steel pant , iron ore plant and a couple of thermodynamic industries to see the functioning of machines and an automobile industry as well to see the understanding of manufacture of components.
Softwares learned - CAD/CAM , Catia , Solid Works , Pro-E , Ansys (taught during academic rigour ) along with the normal C , C++ , Blue Java , MS office etc.




Q) Do you have a specific Company to work for? - I do not have a specific company to work for. My areas of interest are marketing and consulting . Of course every aspirant desires to be in the best of the best companies. Rather than working for a company would love to have company of my own down the line

Q) what do i want from my MBA? - I want my MBA to provide the knowledge n specific skills to run a business. It comes with experience i am sure but an MBA adds value and can make one think better in terms of the business. I would like to start a company of my own. My father has his own business and i want to diversify its services . A marketing related MBA would help me to make my company more reachable to cater to the needs of clients. At this stage my answer isn't clear and might be vague but i still haven't put a thought to it . Mostly like i wish MBA helps me better to run a business

Q) Mba full time/part time - I would want to do an MBA full time (2/1 year is fine) . I turned 25 last week so at the moment thinking i could use 2 years for an MBA unless a one year MBA suits me more. I am willing to relocate and looking for schools in India , US , UK , Singapore

Areas of Interest - Marketing / Consulting
Dream School – Kellog (Marketing)

What schools would you suggest to apply to based on this Profile assuming i still score a 710 in my retake . Targeting R1 this year , want to join a school in 2018

Other schools on my mind - Yale , Oxford , NUS , NTU , ISB . Also do i stand a chance at Harvard/ Stanford / Haas ( the elite ) if not what can i do to solidify my application for applying to these schools. I would like to apply to 6 schools One in India (ISB) , 3 In the United States , 1 in UK , 1 in Singapore , i haven't given much of a thought but any advice here would help

Target Score for Retake - 740 (QA 50 VA 40) , owing to my poor academics , i thought of giving the exam another shot and I represent a demography of very high scores

Regards,
HK


P.S - sorry for keeping it long , i might have missed out anything , feel free to ask something if it is missing

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Challenges and Opportunities for Female MBA Applicants [#permalink]

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New post 08 Mar 2017, 10:00
FROM Stacy Blackman Consulting Blog: Challenges and Opportunities for Female MBA Applicants
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Today is International Women’s Day—a perfect opportunity to discuss targeted strategies for female MBA applicants. As an MBA, entrepreneur and businessperson, I know that women can more than handle business school and the application process just as well or better than anyone.  Stereotypes do persist, however, and the reality is that women pursuing graduate management education are still an underrepresented demographic on campus.

Enrollment Outlook in 2017
Thankfully, the outlook has improved over the past decade. Women now make up 43% of Harvard Business School’s Class of 2018; they represent 44% of the incoming class at the University of Pennsylvania’s Wharton School; and Stanford Graduate School of Business reported female enrollment at 41% for the Class of 2018.

Business schools have really ramped up their efforts to recruit and groom future women leaders, so if you’re a woman planning on pursuing an MBA, make sure to take advantage of every available opportunity. During the school research phase, a great place to start is at a workshop event for women hosted by the program you’re considering.

While you’ll also want to attend general information sessions, these diversity events allow you to meet and network with other prospective students, current students, alumni, and faculty, as well as provide a chance to listen and ask questions about the specific opportunities for woman in the MBA program.

Self-Confidence is Key
When putting their application together, female candidates have to make sure that they exude confidence. The admissions committee shouldn’t have any doubt about whether the applicant will raise her hand and contribute to the classroom discussions that form a crucial part of the MBA learning experience. Essays, interviews and recommendation letters should indicate a high comfort level with speaking out, defending points of view, and collaborating with all types of people.

Another area of potential weakness, particularly for women who majored in the liberal arts for undergrad, is demonstrating strong quantitative skills. The admissions committee wants to make sure you can handle the MBA course load, so a solid GMAT score, supplemented by additional finance, calculus, or statistics classes taken at the local community college, will go a long way toward proving you have the bona fides to succeed.

Try not to become intimidated by all of the amazing things your fellow applicants have accomplished and second-guess the value of your own strengths and experiences. Focus instead on what makes you unique, and how you plan on contributing to the MBA community once admitted.

During the MBA interview, female candidates frequently begin their answers with a disclaimer that reveals their insecurities and detracts from any positive information that follows. Don’t downplay achievements for fear of coming across as bragging. There’s a difference between boasting and conveying your skills and accomplishments with pride. Confidence without attitude is what you’re aiming for.

Don’t Let the Expense Scare You Off
Finally, women shouldn’t let the financial expense of business school be a barrier to pursuing an MBA degree. Look into all of the resources—loans, scholarships, employee sponsorships, fellowships, work-study options—that can offset the high cost of an MBA, and take a long view of the return on investment your target schools provide.Many candidates find they can pay off their student debt within five years of graduating, so with the right financial aid package, it’s possible to attend almost any business school.

Despite some barriers, real or perceived, women considering business school should know the MBA degree truly is the one of the best ways to transform their career by giving them the skills and knowledge necessary to be successful.

Image credit: WOCinTech Chat (CC BY 2.0)
You may also be interested in:
NYU Stern Launches New Scholarship Dedicated to Advancing Women in Business

MBA Debt Hurts Women More than Men, Bloomberg Study Finds

Flexibility is Key for Women Pursuing MBAs

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
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Meet Madhav Rajan, New Dean of Chicago Booth [#permalink]

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New post 08 Mar 2017, 13:01
FROM Stacy Blackman Consulting Blog: Meet Madhav Rajan, New Dean of Chicago Booth
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The Chicago Booth School of Business announced today that Madhav Rajan, former senior associate dean at Stanford’s Graduate School of Business, has been appointed the next dean, effective July 1, 2017.

Rajan served as senior associate dean for academic affairs at the Stanford GSB from 2010 to 2016. That role included leadership of Stanford’s MBA program, with oversight of admissions, curriculum, the student experience and career management. He launched new joint-degree programs with Stanford’s engineering school and rolled out initiatives for tighter integration with the rest of the university.

“We sought the most outstanding candidate whose values, ambition and abilities fully comport with the distinctiveness of Chicago Booth as one of methodological rigor in its research and education, and through that commitment one of high impact on the world,” President Robert J. Zimmer and Provost Daniel Diermeier wrote in announcing the appointment. “We are confident that Madhav will be an outstanding leader for Chicago Booth in the coming years.”

“The values I have in research and education are deeply valued at Chicago Booth,” Rajan said. “People come here to do rigorous, empirically based research and analysis, which provides the basis for a transformative student experience and an extremely effective MBA curriculum. We have an exciting opportunity to take Booth’s deep strengths and leverage them here and around the world. I am thrilled to have the chance to be dean at what is unquestionably the greatest academic business school.”

Rajan’s primary research interest is the economics-based analysis of management accounting issues, especially as they relate to the choice of internal control and performance systems in firms. He served as editor of The Accounting Review from 2002 to 2008 and is co-author of Cost Accounting: A Managerial Emphasis, the leading cost accounting textbook used around the world.

In 2000, Rajan won the David W. Hauck Award, the highest undergraduate teaching award at the University of Pennsylvania’s Wharton School. This April he will receive the Robert T. Davis Award for lifetime service and achievement, the highest faculty recognition awarded by the Stanford Graduate School of Business.

Rajan completed his bachelor’s degree at the University of Madras, India. He holds a PhD and two master’s degrees from Carnegie Mellon University. Before going to Stanford in 2001, Rajan held faculty positions at the Wharton School. He held a visiting professorship at Chicago Booth in 2007-08.

Rajan succeeds former Dean Sunil Kumar, who was named provost of Johns Hopkins University in July 2016. His appointment follows a national search informed by a Booth faculty committee.

Image courtesy of Stanford Graduate School of Business
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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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New Podcast from Michigan Ross MBA Students [#permalink]

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New post 10 Mar 2017, 13:01
FROM Stacy Blackman Consulting Blog: New Podcast from Michigan Ross MBA Students
If you want to know what MBA students at the University of Michigan Ross School of Business have on their minds, don’t miss the student-launched Business Beyond Usual podcast.

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Director of MBA Admissions Soojin Kwon highlighted the show in her recent blog post, noting that Business Beyond Usual “features a student host talking with fellow students about top of mind topics like rankings, the role of business in society, tech boom for MBAs, making a difference, how to prepare for your MBA, and women in business.”

Those considering applying to business school in the fall may want to check out this podcast that takes a deep dive into business school rankings, or this one that tells you how to prepare for business school. And if you’re awaiting an interview at Ross, you won’t go wrong by taking a listen to any of these episodes beforehand to spark some conversation gems to discuss further with your interviewer.

You may also be interested in:
MAP Course at Ross Celebrates 25 Years of Hands-On Learning

Ross MBA Admissions Director Shares Her B-School Comparison Spreadsheet

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
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Negotiating MBA Merit Scholarships [#permalink]

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New post 13 Mar 2017, 09:00
FROM Stacy Blackman Consulting Blog: Negotiating MBA Merit Scholarships
Being accepted into an MBA program is a major accomplishment that makes the months of application preparation (and worrying) all worth it. Icing on the cake is learning that you’ve also been awarded a merit scholarship.

If you suddenly find yourself with a financial incentive to attend a certain school, you’ll be understandably honored and overjoyed at your good fortune. However, if you’ve been accepted into more than one program, this unexpected twist can often make your ultimate decision that much harder.

Here’s something such lucky future students often forget: you can try to negotiate merit scholarships. This is one of those rare situations in life where—if handled professionally, of course—you really have nothing to lose.

If you received drastically different scholarship amounts for two or more programs—or were given a financial award for one school but nothing for another—why not contact the adcom and explain your situation?

This is probably obvious, but we wouldn’t recommend naming the competing institution, sharing your offer letter or making demands. Rather, simply reach out to the admissions office, reiterate your deep interest in attending their program, and then ask if it’s possible to be considered for a higher scholarship amount (or any scholarship amount) because you now have another offer of acceptance and financial incentive on the table.

Good luck!

And remember:

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Until next time,

The team at Stacy Blackman Consulting

***Do you want to stay on top of the application process with timely tips like these? Please subscribe to our weekly newsletter and you’ll receive our expert advice straight in your mailbox before it appears on the blog, plus special offers, promotions, discounts, invitations to events, and more.

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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US News Announces 2018 Ranking of Best Business Schools [#permalink]

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New post 14 Mar 2017, 13:00
FROM Stacy Blackman Consulting Blog: US News Announces 2018 Ranking of Best Business Schools
U.S. News & World Report has released the 2018 Best Graduate Schools rankings, designed to help prospective students research programs across six disciplines and evaluate the potential return on their investment.

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In this year’s full-time MBA rankings, Harvard Business School and the University of Pennsylvania’s Wharton School have tied for the No. 1 program in the country. The University of Chicago Booth School of Business holds the No. 3 spot, and the Stanford Graduate School of Business drops from last year’s second place to share fourth place with MIT Sloan School of Management and Northwestern’s Kellogg School of Management.

Among part-time MBA programs, the UC Berkeley Haas School of Business once again retains the top spot, followed by Chicago’s Booth School of Business at No. 2. The NYU Stern School of Business and UCLA Anderson School of Management tie at third place.

US News’s Best Business Schools
  • Harvard Business School (#1 tie)
  • Wharton School (#1 tie)
  • Chicago Booth School of Business (#3)
  • Stanford Graduate School of Business (#4 tie)
  • MIT Sloan School of Management (#4 tie)
  • Kellogg School of Management (#4 tie)
  • UC Berkeley Haas School of Business (#7)
  • Tuck School of Business (#8)
  • Columbia Business School (#9 tie)
  • Yale School of Management  (#9 tie)
The six graduate disciplines U.S. News ranks annually are evaluated on factors such as employment rates for graduates, starting salary and standardized test scores of newly enrolled students. Because each graduate program is different, the rankings methodology varies across disciplines.

Different output measures are available for different fields, U.S. News explains, saying that in business, they use starting salaries and the ability of new MBAs to find jobs upon graduation or three months later.

“A graduate degree can lead to professional advancement and a potential salary increase,” says Anita Narayan, managing editor of Education at U.S. News. “Whether you are interested in pursuing a full-time program or taking classes part-time, the grad school rankings and advice offer guidance on finding programs that help you fulfill your personal goals.”

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
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Ace Your Harvard Business School Interview [#permalink]

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New post 15 Mar 2017, 10:00
FROM Stacy Blackman Consulting Blog: Ace Your Harvard Business School Interview
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Harvard Business School interviews just 25% of applicants each season. On the bright side, HBS admits about half of interviewed candidates, so if you can successfully pass this hurdle in the application process, your chances of admission skyrocket.

As I explained in my recent article published in Business Insider, the admissions team seeks applicants who can demonstrate that they share the values central to HBS culture: passion, self-awareness, maturity, integrity, focus on solutions, high-impact leadership, and case-method compatibility.

While you can’t predict which specific questions will come up during your interview, you can expect the types of questions to fall into three broad categories representing your past, present, and future. The interviewer will probe in great depth about your career goals, professional choices, and interest in the MBA program. He or she will be very familiar with your essays — so familiar, in fact, that your interviewer will seem determined to find a “hole” in your story.

The anecdotes you share about your past experiences — both successes and failures — will give the interviewer some insight into your self-awareness and maturity. Your story should reveal how you confront life choices, the values and principles that help you negotiate complex situations, your beliefs, and your worldview.

Expect to receive a number of questions that will help interviewers gauge how life has tested you, and how you responded to that test.

As you prepare for the interview, focus on the experiences, anecdotes, and answers that will showcase your strengths. To learn exactly how to successfully wow your interviewer for a shot of admission at this ultra-elite school, click on over to Business Insider to continue reading my article with the best HBS interview tips.

You may also be interested in:
5 Tips for Harvard Business School Applicants

Advice for the Harvard Business School Admissions Essay

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Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
MBA blogger, US News and Author, The MBA Application Roadmap

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Guidance for International MBA Applicants [#permalink]

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New post 16 Mar 2017, 12:01
FROM Stacy Blackman Consulting Blog: Guidance for International MBA Applicants
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Recent changes to immigration procedures have caused some confusion and concern among international MBA candidates applying to business schools in the United States. To help clarify matters, the Graduate Management Admission Council has created a page on its website mba.com to help alleviate some of these concerns.

Here you’ll find resources and information that apply to international students, including an overview on applying for a visa to study in the U.S., and information from leading GMAT-using schools for students navigating U.S. travel and immigration policies.

If you’re looking for how to convert your grades to the GPA scale, want to hear from others who have chosen to go abroad for their MBA, or simply interested in general tips for successful international study, bookmark this resource today.

You may also be interested in:
3 Common Hurdles for International MBA Applicants

Show International Experience When Applying to Business School

Advice for Business School Applicants from Asia

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Interested in a free 30 minute consultation with the Stacy Blackman Team? Sign up here: http://stacyblackman.com/contact

Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
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Should You Take the GMAT or GRE? [#permalink]

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New post 17 Mar 2017, 09:00
FROM Stacy Blackman Consulting Blog: Should You Take the GMAT or GRE?
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Now that most of the top business schools in the United States accept both the GMAT and GRE exam for admission, how do you decide which test you should take? Many elite schools hope to diversify their applicant pool by accepting the GRE as an alternative in the admissions process. Another favorable aspect for business schools: it creates a more competitive enrollment rate; the number of available spots stays the same but the volume of applications goes up.

Prospective grad students of the arts and sciences have typically submitted GRE scores, so applicants deciding between business school and other graduate programs appreciate having one less test to study and pay for. Meanwhile the GMAT, long considered the gold standard for the specific academic skills needed in graduate business school, is more expensive and offered in fewer locations worldwide.

One essential difference between the tests is that the GRE requires you to do the arguing, whereas in the GMAT you analyze what has been argued. The style expected from GRE test readers is more abstract and draws from various sources and disciplines for examples or references, whereas it is more concrete and analytical for the GMAT. This supports the suitability of the GRE for the more academically-minded student.

A recent US News and World Report article weighs in with the following five factors MBA applicants should consider when choosing between the GMAT and GRE:

  • Does the school have a strong preference for the GMAT?
  • Are your math skills especially strong? The GMAT is generally more difficult in the quant section
  • Are you a wordsmith at heart? The GRE is more challenging in verbal, particularly for non-native English speakers.
  • Consider your post-MBA career goals. Some firms require applicants to submit GMAT scores.
  • Test anxiety is generally lower with the GRE, which allows you to save and return to questions to check your work.
In general, top business schools will be looking for fairly high percentile scores on the GRE, especially on the quantitative section. I had one client who, while phenomenal in many ways, could not achieve a GMAT score above 600. Her quantitative percentile came in around 40—half of the target score.

Although I’ve seen applicants admitted with very low GMAT scores in the past, we decided to take advantage of this new option and submit her application to Harvard Business School with the GRE instead. Despite a lower overall performance, her GRE results boasted a much higher quant score, and in the end, she was admitted to HBS.

Ultimately though, the GMAT remains the “tried and true” entrance exam for business schools—the admissions team will have no questions about why you chose it. If you are a great test-taker and it’s all the same to you, I would stick with the GMAT.

You may also be interested in:
Texas MBA Gives Admissions Perspective on GMAT vs GRE

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Interested in a free 30 minute consultation with the Stacy Blackman Team? Sign up here: http://stacyblackman.com/contact

Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
MBA blogger, US News and Author, The MBA Application Roadmap

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How to Handle a “Bird in Hand” MBA Dilemma [#permalink]

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New post 20 Mar 2017, 09:00
FROM Stacy Blackman Consulting Blog: How to Handle a “Bird in Hand” MBA Dilemma
Did you give it your all this application season and end up with mixed results? By mixed results we mean that you were dinged by your dream school (or schools), but still got in to one or more other great programs. If that’s the case and you’re excited about heading to campus this fall, read no further. But continue on if a nagging voice in the back of your head keeps asking, “What if…?”

This is the quintessential “bird in hand” dilemma for future business school students: do you count your lucky stars that you have the option to earn an MBA from a school you were interested in enough to apply to in the first place? Or do you forego your golden ticket and give it another shot next year, hoping to land a spot at your dream school?

While the saying goes “A bird in hand is better than two in the bush,” we understand that in real life it isn’t always easy to accept an outcome you’re not 100% enthusiastic about. And there is no one-size-fits-all answer here, of course. But we can suggest this first step for your decision-making process: think long and hard (and objectively as possible) about how comfortable you are with risk.

How have you reacted in the past when you took a big chance on something and it didn’t pan out? How upset or regretful do you become when you realize an opportunity you turned down might have actually been the right choice? Asking a trusted friend or family member for their take might be helpful as well.

We’d also recommend giving yourself as much time as possible to make your final decision. It may just be that once the initial sting of any rejections wears off, you’ll realize that you’re in a very enviable position.

Remember:

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ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

_________________

Interested in a free 30 minute consultation with the Stacy Blackman Team? Sign up here: http://stacyblackman.com/contact

Stacy Blackman | Stacy Blackman Consulting Inc | http://www.StacyBlackman.com | +1 323.934.3936
MBA blogger, US News and Author, The MBA Application Roadmap

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How to Handle a “Bird in Hand” MBA Dilemma   [#permalink] 20 Mar 2017, 09:00

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